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President of Animoca Brands: Stablecoins linked to the Hong Kong dollar will promote the rapid development of Hong Kong’s cryptocurrency sector

Yat Siu, the president of Animoca Brands, said at the BUIDL Asia conference held in Seoul on Thursday that a stablecoin pegged to the Hong Kong dollar could occupy a unique position in the already saturated cryptocurrency market if it is approved for issuance in Hong Kong. The stablecoin in Hong Kong can find a sizable unique demand pool because the Hong Kong dollar is equivalent to the US dollar but is not the US dollar and is outside the US territory.

Yat Siu also said that Hong Kong has been preparing for the issuance of local stablecoins pegged to the Hong Kong dollar and completed public consultations on regulating and licensing stablecoin issuers last month. As the de facto central bank, the Hong Kong Monetary Authority has launched a sandbox to facilitate communication between regulators and stablecoin issuers and comply with upcoming stablecoin regulations.

NoOnes CEO Ray Youssef advocates for free trade and unrestricted money flow to unlock potential for Global South entrepreneurs

Binance's decision to cease operations in Nigeria by March 8 was unexpected for some, but not for NoOnes CEO Ray Youssef, who had predicted it for years. Youssef believes that entrepreneurs in the Global South are facing challenges in the crypto industry due to a currency war. He founded NoOnes, a peer-to-peer bitcoin trading platform, to address these issues and argues that a free-flowing money system and free trade are necessary for Global South entrepreneurs to thrive. Despite Binance's withdrawal, there are still opportunities for African entrepreneurs to succeed in the crypto industry, but a level playing field is needed for them to do so.

Cyber ​​Capital founder: Cardano’s decentralized narrative sparks controversy

Justin Bons, the founder of Cyber Capital, stated on X platform that the recent discussion about the decentralization level of Cardano has become increasingly intense. Despite the shortcomings of ADA in many aspects, its decentralization narrative has received much attention. Critics point out that the current measurement indicators are inaccurate and call for corrections to more accurately assess the project's degree of decentralization. In addition, critics expressed willingness to support the ADA community and promote its development.

Lawyer predicts former FTX CEO SBF will make personal statement in court

Legal experts have predicted the upcoming hearing of former FTX CEO SBF in New York on Thursday. It is said that SBF could face 20 to 30 years in prison, with prosecutors seeking a sentence of 40 to 50 years, while the defense is advocating for 6.5 years. SBF was convicted of seven charges in the FTX fraud case. It is expected that SBF will make a personal statement in court on Thursday, although he is still unlikely to fully assume responsibility. Victim impact statements could have a significant impact on the verdict. SBF still retains the right to appeal.

Grayscale: Cryptocurrency markets are currently in the middle of a bull run, supported by strong fundamentals and technical factors

Grayscale, a leading cryptocurrency investment firm, the Bitcoin market cycle indicator shows that the cryptocurrency market is currently in the mid-stage of a bull market, supported by strong fundamentals and technical factors. Grayscale uses a baseball analogy to describe that we are currently in the middle of the current bull market or the fifth inning.

Grayscale analysts use the unrealized net profit and loss (NUPL) to indicate that the NUPL ratio rises as BTC prices increase.

Grayscale analysts also studied Sentiment data, which shows that retail investor interest is still significantly lower than during the 2021 bull market. In addition, Google Trends data shows that the search interest level for the term "cryptocurrency" is below 40, significantly lower than the peak of 99 in 2021. This suggests that broader public curiosity about cryptocurrencies may not have fully rebounded yet.

After considering these technical and fundamental factors, Grayscale concludes that the bull market will continue. However, the company recommends that investors carefully monitor the inflow of funds into spot Bitcoin ETFs and other macroeconomic factors to look for signs of market changes.

Fed Governor Waller: Data shows the need to cut interest rates less or start easing policy later

Federal Reserve Board member Bullard said that a rate cut may be appropriate this year, but it is not yet time; data shows the need to reduce rate cuts or start relaxing policies later; the risk of waiting is lower than the risk of cutting rates too early; the current economy is "not yet urgent" for rate cuts; the Fed may need to maintain the current rate target for longer than expected; more progress in inflation is needed to support rate cuts; it will take at least a few months of data to determine if the inflation rate will reach 2%; the strong economic situation provides space for the Fed to evaluate data; the economy is growing healthily.

BlackRock CEO: Even if the US SEC defines cryptocurrencies as securities, launching an Ethereum ETF is still possible

BlackRock CEO Larry Fink stated that it is still possible to launch an Ethereum ETF even if the US Securities and Exchange Commission (SEC) designates cryptocurrencies as securities. This will strengthen regulatory scrutiny around the second largest digital asset.

Bitcoin Halving and ETFs Could Lead to Mainstream Adoption by 2024

Bitcoin has hit a new all-time high of $72,000, with potential macroeconomic uncertainty and upcoming elections affecting its price. The approval of 11 spot bitcoin exchange-traded funds by the U.S. SEC and the upcoming 4th Bitcoin Halving event in mid-April are two key factors contributing to its positive performance. The halving process, which reduces bitcoin's supply, is expected to have a positive impact on its price and could lead to increased mainstream adoption in 2024. While the impact of the halving on the BTC market in 2024 and beyond remains to be seen, smart traders and investors understand the importance of history repeating itself.

Bitwise CIO: 3% Bitcoin allocation becomes a new trend

Bitwise's Chief Information Officer Matt Hougan stated that a 3% allocation to Bitcoin is becoming a new trend for professional investors. He believes that exchange-traded funds are the main reason for this shift because they reduce the downside risk of Bitcoin. "True institutional investors (pension funds, endowments, etc.) will still focus on allocations below 1%, but for the wealth market, above 3% is something new." The US Bitcoin ETF has seen a net inflow of $11.7 billion in just over two months since its launch, signaling long-term demand that will "continue for years."

Valkyrie chief investment officer says BTC could reach $150,000 within the year, but ETH may be recognized as a security

According to Fox Business reporter Eleanor Terrett on X platform, Valkyrie Chief Investment Officer Steven McClurg stated at the Digital Wildcatters Empower Conference that ETH may be recognized as a security, and it is unlikely that an Ethereum ETF will be approved in May. He believes that before a spot Ethereum ETF is approved, a spot LTC or spot XRP ETF may be more likely to be approved. In addition, Steven McClurg predicts that Bitcoin may reach $150,000 by 2024.